2020 Annual Report

A Stronger Foundation Built Together

90th Annual MeetingMarch 15, 2021 • Honeywell Center: Legacy Hall

Invocation ..............................................................Kevin Willour, President/CEO

Call to Order .......................................................................... Ken Dale, Chairman

Secretary Report ............................................ John Peters, Secretary/Treasurer

Nominating Committee Report ................ Richard Dubois, Committee Chair

Financial Report ................................................................... Dustin Cuttriss, CFO

Directors Report ................................................................... Ken Dale, Chairman

Credit Committee Report ..................................................... Todd Beehler, CLO

Supervisory Committee Report ..............Vince Harrell, Committee Chairman

Management Report .............................................Kevin Willour, President/CEO

Scholarship Awards ................................................................. Lori Eltzroth, CAO

Old Business .......................................................................... Ken Dale, Chairman

The mission of Beacon Credit Union is to provide fair and competitive financial

products and services responsive to the needs of all member-owners.

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Our Mission

Agenda

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Secretary ReportFollowing an invocation by Kevin Willour, President/CEO, Chairman Ken Dale called the 89th Annual Shareholders Meeting of Beacon Credit Union to order at 2:04 p.m. on August 17, 2020 at the REMC Building, Wabash, Indiana. Members were welcomed and a quorum was declared.

Minutes from the March 18, 2019 Annual Shareholders Meeting were included in the Annual Report and presented by Willour. John Peters made a motion to accept the minutes as presented. Herb Horrom seconded the motion and it carried.

Willour presented the report of the nominating Committee. Roger Bragg and Jim Yates were each nominated to serve three-year terms on the Board of Directors. Rob Parker was nominated to serve a three-year term on the Supervisory Committee and no nominations were received by petition from the membership. With a nominee for each position, Richard Dubois made a motion to elect Roger Bragg and Jim Yates to three year-terms on the Board of Directors and Rob Parker to a three-year term on the Supervisory Committee by acclimation of the members present. Heather Christle seconded the motion and it carried.

The December 31, 2019 Financial Report was presented by Dustin Cuttriss, Chief Financial Officer. As of December 31, 2019 total assets of the Credit Union were $1,260,998,614. Solid operating results provided for net worth to reach $191.5 million on December 31, 2019. Graphs were presented to demonstrate the financial soundness of Beacon Credit Union. Bonnie Hobbs made a motion to accept the 2019 Financial Report as presented. Dawn

Aschleman seconded the motion and it carried.

Willour introduced the members of the Board of Directors and reported on the action taken by the Board of Directors during 2019. Willour also emphasized the Mission of this Credit Union focuses on providing quality loans and deposit programs that respond to the needs of our membership.

Willour introduced the Credit Committee members and reported on the Credit Committee activity. He also introduced members of the Supervisory Committee and reported on behalf of the Supervisory Committee. Written reports are included in the 2019 Annual Report.

Willour, presented the 2019 Management Report. He acknowledged the significant role the quality staff provides to the member-owners of Beacon Credit Union. He reflected on the benefits members receive, including above market deposit rates, competitive loan rates and terms, and minimal fees resulting from the efficient operations and the strong financial status achieved over the past 89 years. Willour also reinforced that Beacon Credit Union is committed to its mission and will remain focused on providing the financial products and services required by our membership now and into the future.

There being no further business, the meeting was adjourned at 2:57 p.m. upon a motion by Peters. Yates seconded the motion and it carried.

John Peters, Secretary/Treasurer

Integrated live chat via beaconcu.org was implemented, allowing knowledgeable staff the ability to chat with our members via our website.

Secure Chat

The committee has nominated two candidates for board of director positions and one candidate for a supervisory committee position. All terms are for three years. Included is a short biography for each candidate.

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Nominating Committee Report

Nominating Committee Members

Richard Dubois, Chairman Larry Thrush, Committee Member Ernie Peas, Committee Member

Dr. Lindsay Culver

Board Member

Dr. Culver and her husband, Nathan, reside in Wabash and are the parents of two daughters. She is an optometrist at Midwest Eye Consultants. Dr. Culver received both her Bachelor of Science in Kinesiology and Doctorate of Optometry from Indiana University.

Dr. Culver enjoys being active in the community and has served on several local boards such as Kiwanis, Wabash County Chamber of Commerce and Wabash Valley Dance Theater. She also guest lectures at Indiana Wesleyan and volunteers for Leader Dogs for the Blind and her church. Dr. Culver has served on the BCU Board of Directors since 2015.

Herb Horrom

Board Member

Herb and his wife, Beth, reside in DeKalb County and are the parents of three children, and have two grandchildren. Herb is a graduate of Indiana Business College with a degree in Business Administration and Finance.

He is a retired owner of Brown & Brown Insurance Agency in Auburn. Herb currently serves as the Chairman of the Auburn Cord Duesenberg Automobile Museum. He also serves on the City of Auburn Board of Public Works and was the past president of DeKalb County’s Visitor’s Bureau. Herb has served on the BCU Board of Directors since 2010.

Fred Vince Harrell Jr. Supervisory Committee

Vince and his wife, Sondra, reside in Wabash and are the parents of two daughters, Amy and Julie. Vince is retired from the Purdue Cooperative Extension Service where he served as an Extension Educator for twenty-four years. Prior to relocating to Wabash County, he was an Area Farm Management Specialist for Iowa State University. He earned a B.S. in Agricultural Economics from Purdue University and a M.S. in Agricultural Economics from North Carolina State University.

Vince is an active member of the First United Methodist Church and serves on several committees. He is also the past president of the Wabash Kiwanis Club and a member of Farm Bureau. Vince has served as a BCU Committee Member since 2009.

2020 2019

Assets Cash and due from banks $ 7,240,492 $ 7,020,670

Interest-bearing demand deposits 73,663,696 53,700,018 Cash and cash equivalents 80,904,188 60,720,688

Interest-bearing time deposits 1,322,728 1,535,531 Loans held for sale 327,000 131,005 Available-for-sale debt securities 331,165,945 181,942,305 Loans, net of allowance for loan losses of $3,727,041

and $2,867,549 at December 31, 2020 and 2019 887,327,447 926,671,580 Corporate One Federal Credit Union Perpetual Capital 900,000 900,000 Premises and equipment, net 10,816,777 11,642,369 Investment in AgriBank 750,000 2,171,250 Federal Home Loan Bank stock 2,715,500 2,442,900 Foreclosed assets held for sale, net 422,224 437,224 Loan servicing rights 599,055 688,230 Share insurance deposit 13,873,634 13,366,951 Insurance and annuity contracts 29,751,362 29,302,391 Goodwill 18,810,763 18,810,763 Customer list intangible - 379,389 Accrued interest receivable 5,842,705 6,849,627 Other assets 17,097,833 3,006,411

Total assets $1,402,627,161 $1,260,998,614

Liabilities and Members' EquityLiabilities

Members' share accounts $1,194,161,506 $1,059,035,535

Accrued interest and dividends payable 1,336,305 474,797 Other liabilities 8,590,554 10,001,303

Total liabilities 1,204,088,365 1,069,511,635

Members' Equity Regular reserve, restricted 73,047,916 70,513,851 Retained earnings, unrestricted 131,287,222 128,618,696 Accumulated other comprehensive loss (5,796,342) (7,645,568)

Total members' equity 198,538,796 191,486,979

Total liabilities and members’ equity $1,402,627,161 $1,260,998,614

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BEACON CREDIT UNION Consolidated Balance Sheets

December 31, 2020 and 2019

The Credit Sense tool was added to online banking, providing member-owners instant access to their credit score with financial improvement tips.

Credit Sense

2020 2019

Interest IncomeInterest and fees on loans $ 36,179,302 $ 41,431,035 Securities and balances with other institutions 4,759,746 4,855,970

Total interest income 40,939,048 46,287,005

Interest ExpenseMembers' deposits 11,774,774 12,138,611

Borrowings - 32,694

Total interest expense 11,774,774 12,171,305

Net Interest Income 29,164,274 34,115,700

Provision for Loan Losses 1,050,000 750,000

Net Interest Income After Provision for Loan Losses 28,114,274 33,365,700

Noninterest IncomeFees and commissions 6,146,785 5,279,168

Earnings on insurance and annuity contracts 1,024,806 1,073,981

Loan sales and servicing, net 875,899 714,490

Net realized gains on sales of securities 61,775 -

Other 1,632,971 1,095,093

Total noninterest income 9,742,236 8,162,732

Noninterest ExpenseSalaries and employee benefits 20,028,484 19,933,945

Occupancy and equipment 5,897,072 5,979,422

Printing and office supplies 774,544 895,311

Professional and outside services 3,580,113 3,360,319

Advertising 551,914 721,616

Foreclosed assets 41,622 120,221

Other 1,627,875 2,035,903

Total noninterest expense 32,501,624 33,046,737

Income Before Income Taxes 5,354,886 8,481,695

Indiana Franchise Tax Expense 152,295 318,043

Net Income $ 5,202,591 $ 8,163,652

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BEACON CREDIT UNIONConsolidated Statements of IncomeYears Ended December 31, 2020 and 2019

In 2020, the Beacon Foundation awarded 10 local organizations with over $70,000 in funds. The charitable foundation serves as a philanthropic arm of the Beacon Credit Union.

Beacon Foundation

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Members

YEAR DEPOSITS NET LOANS ASSETS DIVIDENDS PAID

1932 $ 3,034 $ 2,861 $ 3,326 $ 135

1940 $ 103,297 $ 103,297 $ 137,814 $ 3,677

1950 $ 941,455 $ 757,253 $ 1,173,102 $ 22,968

1960 $ 2,428,867 $ 2,305,640 $ 2,656,018 $ 84,302

1970 $ 8,430,243 $ 8,843,938 $ 9,420,260 $ 571,984

1980 $ 32,918,225 $ 32,039,793 $ 37,979,552 $ 2,225,704

1990 $ 112,471,266 $ 70,860,070 $ 127,787,619 $ 7,763,875

2000 $ 302,402,385 $ 260,197,755 $ 361,066,164 $ 15,184,613

2010 $ 714,625,882 $ 616,408,624 $ 853,495,824 $ 10,797,343

2015 $ 923,145,788 $ 857,557,328 $ 1,161,687,265 $ 8,371,556

2018 $ 1,020,076,455 $ 937,490,569 $ 1,223,748,110 $ 11,001,192

2019 $ 1,059,035,535 $ 926,671,580 $ 1,260,998,614 $ 12,138,611

2020 $ 1,194,161,505 $ 887,327,450 $ 1,402,627,162 $ 11,774,773

Historical Data

Membership Growth

Deposits

Loans

Total Deposits and Loans

$0

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

1932 1940 1950 1960 1970 1980 1990 2000 2010 2015 2019 2020

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

1932 1940 1950 1960 1970 1980 1990 2000 2010 2019 2020

Serving over 46,000 member-owners, your Board of Directors continued to focus on the financial health, safety, and soundness of your financial cooperative. Even though 2020 was a very trying year for everyone, your Credit Union continued to make progress, ensuring the membership was well-served and improving an already solid financial foundation positioned for future successes.

Continuing to improve services and infrastructureContinuing the work from 2019, an additional three ATM units were replaced in our network The Miami Street location received an updated ATM kiosk and unit, while the Plymouth and Marion ATMs were brought “in-wall” to give staff full access to the units. These updated ATMs provide larger screens for viewing, touchscreen commands for convenience, and new state-of-the-art, anti-skimming technology. A remote console service was added that allows our ATM vendor to remotely perform updates and diagnose issues to decrease downtime and software update installation costs.

Upgrades to technology continued throughout 2020 as SmarterPay, a software that analyzes account activity to determine the appropriate courtesy pay limits for members, was launched. This service runs continuously in the background to optimize limits for the benefit of the Credit Union and you, our member. In addition, members can now sign up to have Courtesy Pay attached to their debit card, giving the peace of mind that transactions may be covered instead of rejected by the merchant.

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Directors Report

From left to right: Ken Dale - Chairman, Herb Horrom - Vice Chairman, John Peters - Secretary/TreasurerRoger Bragg - Director, Dr. Lindsay Culver - Director, Jim Yates - Director, Sarah Delbecq - Director

WireXchange® was implemented to help increase the efficiency and security of wire transfers, giving the Credit Union cost savings, reduced opportunities for errors, and increased productivity.

Providing to our communitiesWith the onset of the pandemic, your Credit Union continued to provide the service level that members are accustomed to while looking for ways to help out the community. In early spring, Congress directed the Small Business Administration to implement the Paycheck Protection Program, providing loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Beacon Credit Union partnered with Kabbage, a reputable small business lender, to provide our business members with access to these loans.

Online and mobile banking platforms were upgraded with a new layout, additional features, and top-notch security allowing our members access to products and services 24/7 from the comfort of their homes. A new website design along with online chat was introduced to help enhance the member’s day-to-day experience.

Your Board continues to help guide your Credit Union, partnering with the Executive Team and the knowledgeable, friendly staff you see every day. We are proud to serve you, our valued member-owners, and our communities.

Your credit committee serves by meeting periodically to discuss credit decisions and help ensure overall credit quality and consistency. The committee reviews applications that fall outside of the prescribed credit guidelines provided to our loan officers and underwriting team. Residential mortgage loans, commercial loans and agricultural loans are the types of credits most frequently reviewed.

Throughout 2020, 2,903 new loans were opened, resulting in over $340 million in loan disbursements. That’s an average of 242 new loans totaling approximately $28.4 million each month. Even though outstanding balances declined over the prior year, gross loan volume was up by over $108 million from 2019. This shows that member-owners continue to trust Beacon Credit Union as a valid resource for their borrowing needs. The table below illustrates the gross loan activity by credit sector:

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Beacon Credit Union continues to administer a credit culture that remains fair, simplistic, flexible and consistent. Our philosophy is to provide a competitive environment and a mutually beneficial credit solution for both the borrower and institution. Loan terms, conditions and rates are established through your board of directors. Your credit committee, appointed by your board of directors, greatly appreciates the trust and faith members have placed in our lending services and encourages each member to utilize their financial cooperative for all of their future financing needs.

Credit Committee Report

Credit CategoryOutstanding Balances

December 31, 2020Outstanding Balances

December 31, 2019 2019 Net Change

Consumer $ 34,226,011 $ 40,127,874 $ (5,901,863)

Residential Mortgage 221,784,952 202,917,709 (18,867,243)

Commercial 25,367,634 24,967,798 (399,835)

Agriculture 609,332,955 661,121,175 (51,788,220)

Leases 342,939 404,571 (61,632)

TOTALS $ 891,054,492 $ 929,539,128 $ (38,484,637)

Credit Category # of Accounts Dollars Disbursed

Consumer 1,313 $ 18,466,859

Residential Mortgage 845 106,675,458

Commercial 97 15,383,715

Agriculture 648 200,155,075

TOTALS 2,903 $ 340,681,107

Overall, outstanding loan balances declined by $38,484,647 in 2020. The agricultural economy continues to struggle with vertical integration forcing many operators to downsize or exit the industry all together. COVID-19 has provided uncertainty with family income and has negatively impacted the amount of consumer spending activity. Still, residential mortgage rates are at an all-time low resulting in high loan demand for that sector. The table below illustrates the net change in outstanding balances from a year ago:

Kevin Willour Todd Beehler Craig Bright Committee Member Committee Member Committee Member

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This committee functions independently and employs an internal auditing team to monitor our internal controls and execute our audit plan. We interface regularly with Beacon Credit Union Board of Directors and Senior Management Team, Department of Financial Institutions, American Share Insurance, and independent certified public accountants to implement our responsibilities. It is the opinion of the supervisory committee that the internal controls are effective and adequately protect Beacon Credit Union, its members, management, and employees.

It continues to be our practice to employ Crowe Horwath, an independent professional auditing firm, to review internal controls and safeguards within our Information Technology functions.

The December 31, 2020 external audit was performed by BKD, LLP. As in past years, we are proud to report the Independent

Accountants Report contains an unmodified opinion indicating the financial statements present fairly, in all material respects, the financial position of Beacon Credit Union, in conformity with accounting principles generally accepted in the United States of America.

Our committee is proud to report the financial records presented in this Annual Report for the year ended December 31, 2020 are accurate, prudent internal controls exist, and Beacon Credit Union continues to operate within all applicable laws.

Supervisory CommitteeReport

Your Supervisory Committee is a three-member body elected by the membership.

As established under the Indiana Credit Union Act, the primary responsibilities of your elected Supervisory Committee include:

• Assuring the accuracy of the financial records

• Determining that your Credit Union is being operated according to all applicable laws

Fred V. Harrell Jr. Chairman

Paul Hartman Committee Member

Ernie Peas Committee Member

The new CardSmart mobile app was launched, enabling member-owners to protect and manage their debit card in real-time.

CardSmart

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Management ReportIn what only can be called a year most would never have anticipated, 2020 proceeded like no time before. The past year brought substantial changes to how we work and go about our daily lives. While change and uncertainty were prevalent throughout the last year, one thing that remained consistent was Beacon’s promise to provide financial strength and soundness to our membership and communities. For the past 90 years, we have partnered with our group of close-knit communities to find the resolve to face any challenge and this has been no exception.

Within days of the governor’s directive to close lobbies, your Credit Union was able to transition to a remote working environment without a disruption in service to the membership. Providing full-service via drive-thru and electronic services was key in helping members stay on top of their financial wellbeing and providing the ability to move forward with as little inconvenience as possible. We continued to monitor the situation throughout the year and reacted appropriately with service changes, keeping the health of our members and employees firmly in mind.

In 2020, as with all financial institutions, Beacon steered through the pressing of margins, lower loan demand and economic uncertainty. But unlike many others, your Credit Union has built up a solid foundation that has the ability to weather financial storms. Our net worth ratio ended the year at 14.65%, which is over two times higher than what is considered “well capitalized” by state and national regulators. This is what gives Beacon the ability to move forward during challenging times.

We were considered a “safe haven” for deposits as they grew to $1.194 billion which drove asset size to over $1.4 billion. Beacon continues to have the trust of the membership when it comes to protection of their hard

earned dollars and we take pride in providing that peace of mind.

While consumer loan demand was hampered by the uncertainty of the year, historically low rates spurred a growth in the mortgage portfolio of over $18 million in 2020. Beacon did not waiver on the stance of providing competitive funding for the benefits of new home ownership and refinancing to better position our members going forward.

Beacon earned exceptional ratings from the Indiana Department of Financial Institutions, American Share Insurance, and independent auditors. Your Credit Union works tirelessly to make sure we not only adhere to policy and procedures, but to excel at keeping the financial cooperative at the top of the class when it comes to financial safety and security.

The strong foundation Beacon has built allowed us to move forward in 2020, building upon our efficiencies and providing new and improved services. Beacon continuously looks for ways to improve the member experience. Below are just a few highlights of what your Credit Union accomplished this past year:

Improved Online and Mobile Banking Platform - We introduced a digital banking platform that is easy to use, loaded with new robust features, and allows you 24/7 management of all your finances.

Included with this update are couple of new, features such as Credit Sense, powered by SavvyMoney. This free service is designed to help you stay on top of your credit providing a view of your credit score each day. Monitoring alerts, identifying credit bureau mistakes and custom tailored offers are all part of this exciting new feature.

Plus, we introduced CardSmart, available on mobile banking, that gives you control of your debit card in real-time. You now have the ability to turn your debit card on and off,

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set restrictions on how it can be used, and set limits on how much you can spend–all instantly with a few clicks on your mobile app. Protect and manage your debit card anywhere, anytime, 24/7.

Beaconcu.org New Design - The website was taken to a whole new level in 2020 with the addition of responsive design, providing enhanced capability and viewing across a variety of devices. The new navigation helps members reach content that is relevant and guides them to the information they are seeking easily and efficiently.

Opening a new deposit or loan account has never been easier. Easily accessible throughout the site are links to applications that give members the ability to open deposit and loan accounts electronically from wherever they may be. This is a great service for those who have busy, hectic lifestyles.

Amongst the new features is integrated live chat. Geared for general questions,

transaction information, debit card and online banking assistance, online in real time. It’s yet anotherway our members can get in touch with knowledgeable staff to help assist them.

Bettering our communities has always been a calling card of Beacon and this continued in 2020. We invested over $213,000 in charitable donations and employees volunteered 383 hours by participating in community events. The Beacon Credit Union Foundation funded over $70,000 in grants benefitting 10 different organizations in our communities.

The Credit Union appreciates your continued support throughout these difficult times. We will continue to move forward, improving performance and efficiencies, adding value, and focusing on providing quality benefits to our member-owners for being a part of this financial cooperative. We continue to encourage you to look to Beacon Credit Union for your financial needs.

Thank you for your membership.

Lori Eltzroth Chief Administration Officer

Ryan Showley Chief Information Officer

Todd Beehler Chief Lending Officer

Dustin Cuttriss Chief Financial Officer

Dawn Aschleman Chief Operations Officer

The Management Team

Kevin Willour President/CEO

Marc Briney Chief Marketing Officer

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*Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.FR-3412360.1-0121-0223

The Beacon Investment Services Team

Beacon Investment Services located at Beacon Credit Union was established by the Credit Union Board of Directors in 1986 to provide investment and retirement planning services. The program makes available a wide array of products including mutual funds, annuities, full service brokerage accounts, IRA’s, 529 educational plans, stocks, bonds and retirement plan rollover accounts through CUNA Brokerage Services, Inc.*

2020 was another successful year for Beacon Investment Services. We continue to introduce our program to more members as our credit union membership grows. Amid political uncertainties and market volatility, members continued to find solace with an advisor at Beacon Investment Services. Historically low rates on deposit accounts and the need to accumulate funds for increasingly longer retirements due to longer life spans still make investment options attractive to our membership.

Beacon Investment Services will assist our members to assess their options and move forward with a plan of action based on their individual financial goals. When uncertainty is the highest and there are many questions, access to a professional financial advisor is a valuable asset.

The team at Beacon Investment Services is ready to help with your investment and retirement needs. We would like to thank all of our current members who have chosen Beacon Investment Services. We appreciate your business. Do not hesitate to call any member of the Beacon Investment Services team to ask questions or schedule an appointment.

Investment ServicesReport

Tiffany HaupertCFP® Financial Advisor

Emily Dever Client Service Coordinator(800) 762-3136 ext. 6415

Matthew AndersonFinancial Advisor

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Trust and Investment Services by MEMBERS Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency. Non-deposit products offered through MEMBERS Trust Company. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee, Not a deposit of any financial institution.

Beacon Trust Services was established at Beacon Credit Union in 2009. Our mission is to provide our membership with professional and local trust and investment services. Our members benefit from these services in areas of administration of personal and charitable trusts, investment/portfolio management, estate planning and settlement, and our new Flex IRA Trusts.

Beacon Trust Services partners with Members Trust Company. Founded in 1987 Members Trust Company is the first national trust and investment firm owned by and for America’s Credit Unions and regulated by the Office of the Comptroller of the Currency. Members Trust Company currently manages $3.7 billion of our members’ investments across the country.

The year 2020 will go down in history as a year that experienced a pandemic, political turmoil, and posting a Bear Market occurring in March and a Bull Market later the same year. In all of these situations our members had the resources of professional expertise to guide them through the year.

With the changes in the economy and national events, care continues to be required for families on a highly personal basis that includes protection of loved ones. In addition to a proper investment strategy, family estate and financial planning may require specialty skills in the administration of a trust, IRA, or savings on estates taxes and probate costs. In each case care must be given to ensure assets are used productively and prudently.

We wish to thank our current members and look forward to serving our membership as we move into a new year. Please contact our Trust Officer, David Van Camp with any questions or to schedule an appointment.

Trust Services Report

David Van CampTrust Officer Beacon Trust Services(260) 563-7443 ext. 2013DVanCamp@beaconcu.org

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In 2021, Beacon Credit Union will award eight (8) $1,000 scholarships to financially assist students pursuing higher education. To be eligible, all applicants must be entering their freshman year of college and be a member of Beacon Credit Union. The following students are awarded scholarships:

Kamon Blong .................Peru High School Emma Hoover ................Northfield Jr/Sr High School Sydney Kellermeier .......Brownstown Central High School Kara Prows ......................R. Nelson Snider High School Anastasia Spahr .............Maconaquah High School McKenna Wilson ............Maconaquah High School Paige Winebrenner .......DeKalb High School Nicholas Yax ...................Logansport High School Congratulations to the winners! We wish you all the best of luck in furthering your education.

Scholarship Winners

oundationF

The Beacon Credit Union Foundation is a non-profit 501 (c) (3) charitable foundation and the philanthropic arm of Beacon Credit Union and is funded entirely by the credit union. The foundation is a separate, independent legal entity, incorporated in Indiana and operated by a Board of Directors comprised of Beacon Credit Union employees and directors

The foundation reviews applications and awards grants twice per year (January and July). Application deadline is November 30 for January consideration and May 31 for July consideration.

The foundation’s mission is to make contribution investments in local, charitable organizations, with a focus on improving the lives of our members, friends and neighbors in the communities we serve.

Beacon Foundation2020 Recipients:January

• 85 Hope Free Medical Clinic of Wabash County (Wabash)• Beaman Home - Kosciusko County Shelter for Abuse, Inc. (Warsaw)• Judy A Morrill Rec Center (Garrett) • Pipe Creek TWP VFD (Peru)• Warm a Heart Community Outreach (Auburn)

July

• Christ Child Society of Fort Wayne, Inc. (New Haven)• Jackson County Coalition on Literacy (Seymour)• Compassionate Health Center (Rochester)• Mental Health America of Jackson County (Seymour)• Community Harvest Food Bank of Northeast Indiana, Inc. (New Haven)

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Project Spotlight 2020 Winning Submissions

Our Interactive Community Support ProjectThrough Project Spotlight, our goal is to be able to support community projects both large and small, and to bring awareness to the many helpful organizations in our communities. Visit our website, Facebook page, Twitter or any Member Center location to submit a project for Beacon to support. Nominations were accepted in the spring and voted on during midsummer

Project Spotlight AwardsTwo projects in each community that received the most votes were awarded $1,000 for first place and $500 for second place. A third project was randomly drawn to receive $250.

Allen County1. Lost Dogs of Fort Wayne2. Pay It Forward Allen County3. Christ child Society of Fort

Wayne

Cass County1. 12 Mile Community Building

Fund2. Cass County Humane Society3. United Way of Cass County

(Reading Railroad)

DeKalb County1. Alliance Industries/DeKalb

Assoc. for Developmentally Disabled

2. DeKalb Humane Society3. County Line Church of God

(Garrett Campus)

Fulton County1. Fulton Co. Animal Adoption

and Education Center2. Outlet Youth Center3. Fulton County Community

Foundation

Grant County1. Services for the Visually &

Hearing Impaired2. Marion Grant County Senior

Center3. Grant County Rescue

Mission

Huntington County1. Helping Paws Pet Haven2. Love, Inc.3. Drake Goetz Memorial Park

Jackson County1. Southern Indiana Center for

the Arts2. Anchor House3. Jackson County United Way

Kosciusko County1. One Dog at a Time Rescue2. Lakeland Art Association3. Wagon Wheel Center of the

Arts

Marshall County1. Operation: Quiet Comfort2. Crossroads Church/Kids

Hope3. CASA of Marshall County

Miami County1. Scratching Post Cat Rescue2. Peru Circus Festival Band, Inc3. Denver Fire Truck Fund

North Manchester1. Manchester Early Learning Center2. Junior Achievement serving North Manchester3. Learn More Center

Rush County1. East Central Indiana Critical

Incident Stress Management 2. Rushville FFA3. Mays Community Academy

School

Wabash County 1. Lagro Canal Foundation2. Wabash County 4-H Junior

Leaders3. The Troyer Memorial Library

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4-H Fair

All-Inclusive Playground

Alliance Industries

American Legion

Area Five Agency

Big Brothers Big Sisters

Boys and Girls Club

Boy Scouts

Cancer Services of Grant County

Chamber of Commerce

Circus City Festival

City of Rushville

Community Foundation

Community School of the Arts

Crossroads Church/Kids Hope

DeKalb County Outdoor Theater

Emmaus Mission Center

Family Service Society

First United Methodist Church

Fulton Co. Soccer Association

FFA

Gilead Ministries

Heartland Career Center

Helping Hands

Helping Paws Pet Haven

Heminger House

Historical Society

Honeywell Foundation

Humane Society

Junior Achievement

Kiwanis Club

Lagro Canal Foundation

Lewis Cass Marching Kings Band Boosters

Lions Club

Manchester Symphony Orchestra

March of Dimes

Marshall County Neighborhood Center

Operation: Quiet Comfort

Parkview Wabash County Hospital

Pay It Forward

Rangers Academy

Rescue Mission

Riley Foundation

RSVP- Community Center of Caring Food Pantry

Rush Memorial Hospital Foundation

Salvation Army

Second Hand Blessings

Services for the Visually & Hearing Impaired

Shop with a Cop

United Ministries

United Way

Wabash County Historical Museum

Wagon Wheel Center

Walton Main St.

Winchester Senior Center

Woodlawn Hospital Foundation

YMCA

Below are just a few of the organizations Beacon supported in 2020:

Community Support(In 2020 Beacon Credit Union did over 380 community service hours.)

Locations

beaconcu.org (800) 762-3136 beaconaggroup.org

Auburn136 W. Seventh St.715 N. Grandstaff Dr.

Crawfordsville Ag Office2052 Lebanon Rd.

Garrett1114 S. Randolph St.

Huntington136 Northpoint Ave.

Logansport216 Mall Rd.

1405 W. Market St.

Marion1603 N. Baldwin Ave.

Marion Ag Office 103 S. Branson St.

New Haven10983 Isabelle Dr.

North Manchester 1301 SR 114 W.

Peru820 N. Broadway

904 W. Main St.

Peru Ag/Commercial Loan Center324 W. Old Key Dr.

Plymouth855 N. Oak Dr.

Richmond Ag Office3030 National Road W.

Rochester 430 Rouch Place Dr.504 Main St.

Rushville 152 E. U.S. Highway 52

Rushville Ag Office210 E. U.S. Highway 52, Suite A

Seymour1459 W. Tipton St.

Wabash 100 Wedcor Ave. 121 Hale Dr.641 S. Miami St.

Warsaw 2514 E. Center St.

Washington Ag Office501 E. National Hwy, Suite B